Industrials, Financials Apr 23, 2022 08:15 AM (GMT+8) · EqualOcean
Recently, listed companies in the cement industry have successively disclosed their first quarterly reports. Most companies have poor performance, and the net profits of some enterprises have fallen sharply year-on-year. However, most companies are optimistic about the cement market in the second quarter, and the performance is expected to reverse. Chen Bolin, Deputy Secretary General of China Cement Association and President of digital cement network, said that the overall cement production and sales volume in the first quarter was poor, the benefits fell sharply, and the industry as a whole was difficult. The industry is expected to turn for the better in the second quarter. Chen Bailin said that recently, the national cement price showed a high fluctuation trend, but prices in different regions rose and fell. At present, demand is still weak, and the price rise is mainly driven by costs. Kong Xiangzhong, executive president of China Cement Association, said that April is usually the peak season, but the market demand has not been started, resulting in the peak season. The cement market still depends on the operating rate and quantities of infrastructure and key projects.